Velic cryptocurrency management DApp to build on ICON blockchain

VELIC, a comprehensive solution for crypto-asset management with native VELT token, today announced it has established a strategic partnership with ICON, a leading blockchain network on the forefront of interconnecting isolated projects. VELIC aims to unify disparate services into a single “digital asset financial service.”

As a financial DApp, VELIC has been searching for a suitable smart contract platform to develop upon. The team reviewed Ethereum, EOS, Hyperledger, and Qtum, however, it ultimately decided to develop on the ICON’s loopchain. Not only will ICON’s loopchain enable VELIC to scale to enterprise-level, but conversely VELIC will also help expand the ICON ecosystem.

“VELIC has the unfair advantage as being one of the first total financial services ranging from asset management to loans. As a global exchange VELIC can introduce ICON to a new global user base. ICON aims to co-expand the blockchain ecosystem by providing technical support (loopchain) to VELIC.”

J.H. Kim, a council member of the ICON Foundation

The VELIC platform aims to launch the exchange and native VELT token in Q1 2019.